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10 of 12 View Policies -12 Current Attempt in Progress Best Buy uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are

10 of 12 View Policies -12 Current Attempt in Progress Best Buy uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31. Net Realizable Units Cost per Unit Value per Unit Cameras Minolta 5 $178 $149 Canon 7 153 161 Light Meters Vivitar 13 136 111 Kodak 10 111 141 What amount should be reported on Best Buy's financial statements, assuming the lower-of-cost-or-net realizable value rule is applied? Total $

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